IBT Staff Reporter

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Microsoft says Windows 7 on track for holidays

Microsoft Corp is on track to release its new Windows 7 operating system in time for the holiday shopping season, an executive said on Monday, confirming talk it is ahead of its own conservative schedule for replacing the unpopular Vista system.

Profit-taking hits Dow, S&P, but Nasdaq rises

The Dow and the S&P 500 fell on Monday due to profit taking after a two-month run-up, while news of several share offerings weighed on banks as investors worried about their dilutive impact on current shareholders.

Somali pirates using London contacts: report

Somali pirates are planning attacks on shipping using detailed information telephoned through by contacts in London, according to an intelligence report cited by Spanish radio on Monday.

Up to 49 killed in South Sudan tribal violence

South Sudanese gunmen have killed up to 49 people from a rival tribe, most of them women and children, in one of a string of attacks that have raised fears for elections in the region, officials said on Monday.

White House forecasts higher budget deficit

The White House on Monday raised its forecast for this year's U.S. budget deficit by $89 billion due to the recession, millions of new unemployment claims and corporate bailouts.

Google's Android seen gaining support

Google's Android operating system is gaining support in the mobile industry, with 8 million Android phones to be sold in 2009, up 10-fold from a year ago, research firm Strategy Analytics said on Monday.

U.S. says Afghan insurgents use white phosphorus

The U.S. military said on Monday it had documented 44 incidents of Afghan insurgents using or possessing white phosphorus ammunition, in response to a Reuters report last week of the first known casualty from the chemical.

The Hottest New Travel Trends

The future of tourism includes ultra-health-conscious hotels, a surge in river cruises, abundant choices for medical trips—and sky nannies.

Best Baseball Stadium Food

At America’s stadiums, Dungeness crab sandwiches, Kansas City ribs, and slow-cooked pork tacos take center field.

EU clears Toshiba to buy Fujitsu disk drive arm

Japanese electronics giant Toshiba Corp won permission from European regulators on Monday to acquire the hard disk drive business of rival Fujitsu Ltd in a deal worth 30 billion yen ($305 million).

Citi investors withhold votes from some directors

Citigroup Inc investors withheld more than 20 percent of their votes for the reelection of four directors, after critics said the board's lack of oversight contributed to a series of government bailouts and $37.5 billion of losses over 15 months.

Iran releases jailed American journalist

Iran has released an American journalist jailed for four months on Monday after an appeals court suspended her sentence on charges of spying for the United States.

U.S. signals tougher line on antitrust policy

The Justice Department's top antitrust official announced on Monday a return to a more aggressive approach to dealing with dominant companies that use their position to squelch competition.

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